214 N 13th St
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214 N 13th St
4 Unit Block of Flats £513,506 (£128,377/Unit) 7.59% Net Initial Yield Las Vegas, NV 89101
Investment Highlights
- Exterior of the Building Painted 3 Years Ago
- All 4 units Received Renovations 3 Years Ago
- Located in the Desirable Downtown Sub-Market
- New Roof was Installed 3 Years Ago
- Value- Add Opportunity with Increases in Rents
Executive Summary
The 214 N 13th st. apartments were constructed in 1952. This is a garden-style two story building with 4 spacious units constructed of masonry and wood-frame. The unit mix consists of 4 two bed / One bath. This desirable value-add opportunity sits on 0.16 acres of land and offers residents ample parking.
Located in the Heart of downtown Las Vegas you are moments away from a vast amount of shopping, hospitality, and entertainment options. The property is within walking distance to the Fremont Street Experience and Container Park. The Arts District and Premium outlets are also within close proximity. The Downtown Las Vegas submarket has seen a tremendous amount of growth over the past 10 years and continues to be one of the most sought after locations for investors.
Located in the Heart of downtown Las Vegas you are moments away from a vast amount of shopping, hospitality, and entertainment options. The property is within walking distance to the Fremont Street Experience and Container Park. The Arts District and Premium outlets are also within close proximity. The Downtown Las Vegas submarket has seen a tremendous amount of growth over the past 10 years and continues to be one of the most sought after locations for investors.
Property Facts
| Price | £513,506 | Property Subtype | Apartment |
| Price Per Unit | £128,377 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Net Initial Yield | 7.59% | Building Size | 2,375 SF |
| Sale Conditions | 1031 Exchange | Number of Floors | 1 |
| No. Units | 4 | Year Built/Renovated | 1952/2018 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Price | £513,506 |
| Price Per Unit | £128,377 |
| Sale Type | Investment |
| Net Initial Yield | 7.59% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,375 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1952/2018 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | £948.01 | - |
1 of 1
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 139-35-211-098 | Improvements Assessment | £15,354 |
| Land Assessment | £34,243 | Total Assessment | £49,597 |
PROPERTY TAXES
Parcel Number
139-35-211-098
Land Assessment
£34,243
Improvements Assessment
£15,354
Total Assessment
£49,597
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214 N 13th St
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